Ford Cut to Junk by Moody’s

Ford's stock initially outperformed indexes but faced a hit after Moody's downgraded its rating, citing challenges and weak earnings. Despite this, Moody's improved its outlook to stable. Ford's CEO, Jim Hackett, is implementing a costly restructuring plan. The company remains confident in its strategy, emphasizing its strong business fundamentals and liquidity. Ford's investment grade status is crucial, as further downgrades could affect its position in bond indexes. The company faces pressure in China and from its sedan models, but it remains optimistic about avoiding further downgrades.

What is the significance of Ford's restructuring plan?

What does the term 'fallen Angel market' refer to in the context of Ford's situation?